Interested in Charlotte
I'm headed to an MBA program (UNC or Emory) in the Fall to transition from consulting into investment banking. I currently live in the Southeast, and I'd like to stay here, so I've been considering Charlotte as a place to start out post-MBA. I have heard that Wells Fargo and BoA have big presences there.
Assuming that I'm well qualified, would it be difficult to find a job specifically in Charlotte?
rap scene really comin up in C-town
You should be in good shape coming from a top southern MBA program. You'll definitely benefit from a southern bias. I don't know this for a fact, but I think that under Ken Lewis tenure the IBD division in Charlotte slimmed down significantly, as Ken looked to build a strong nyc presence - One Bryant Park (and the 08/09 slimmed it down further). Not 100% sure this is the case, but I remember reading/hearing that. Of course there's still plenty of great finance jobs in Charlotte.
The key to Charlotte is to look for the true MM or boutique firms like BlackArch partners and Edgeview.
this. MM space s exploding there. Not too much BB banking like above poster mentioned, BAML is mostly lev fin. Wells Fargo still pitches against a lot of MM mandates, but still a great place to be. I would like into places like Jefferies, Sagent, McColl, Edgeview and RWBaird, all in Charlotte. Great deal flow and nice/helpful people.
I think BofA IBD is completely gone from Charlotte now. They had a great lev fin group that held out for a while but I think they've been moved up to NYC as well; correct me if I'm wrong though. Wells or the above boutiques (with McColl added as well) are the best bets.
With a consulting background and an MBA from either one of those schools, assuming you network well and get the necessary grades, you will walk into Charlotte. There are a ton of MM firms in Charlotte that have a great rep and Wells is huge there (and growing). On the other hand, BAML is now mostly in NYC in terms of IBD.
I'd strongly consider approaching Wells. They are becoming a big name in IBD these days.
Dont forget, Lazard and SunTrust are pretty busy in charlotte as well.
For what it's worth, among all of Wells Fargo's IBD offices (NYC, Charlotte, SF), their incoming associate class comes from the following schools:
Internal Promote: 7 Chicago-Booth: 6 Georgetown: 5 Columbia: 3 Duke: 3 UNC: 3 Michigan-Ross: 2 Berkeley: 1 Darden: 1 HBS: 1 Southern Methodist: 1 Tepper: 1 Tuck: 1 UCLA: 1 USC-Marshall: 1 Wharton: 1
I think you might be missing a Goizueta (Emory). Other than that, this list matches what I've seen.
Regards
Both are great schools that pop up a lot at MMs in Charlotte. A big factor at those shops are going to be embracing the down south culture. The boutiques have MD's from various backgrounds but many are from BHC and have NYC mindsets.
Charlotte Boutiques:
Well known names: Edgeview McColl Blackarch Baird Jefferies Sagent Advisors Lazard Middle Market
Other known names: Brookwood Associates Fidus Morgan Keegan Fennebresque & Co
Others: 7 Mile Advisors Allen C Ewing Anderson LeNeave Bourne Partners Carl Marks Chapman Associates Cerium Capital Coutant Capital Decision Point International Dragonfly Capital Duncan Williams Greer & Walker Robertson and Foley Sherman & Company Tobin and Company Triarch Partners
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